Akis Petretzikis’s new investment is taking shape in Spata: a permanent studio complex for the production of original television and digital programmes, alongside a two-storey building housing a restaurant and events venue, complete with a basement and a small chapel. The plot is situated in the Gyalos – Agios Dimitrios – Pyrgos business park, next to Smart Park.
The investment project is owned by Akis Petretzikis Hub and has been included under the ‘Entrepreneurship 360°’ scheme of Development Law 4887/2022. The total eligible and subsidised budget amounts to 2 million euros and the subsidy to 560,000 euros, which is provided entirely in the form of a tax relief — that is, as reduced tax in subsequent years, not as cash. The scheme provides for the creation of 14.5 Annual Work Units.
Akis Petretzikis Hub was established in March 2023 with an initial capital of 530,000 euros and is wholly owned by Akis Petretzikis, a single-member limited liability company. In February 2026, the share capital was increased by €371,000, bringing the total to €901,000. Hub itself remains essentially inactive financially — with revenue of €4,000 in 2025 — as it operates as the investment vehicle. The parent company reported sales of 4.6 million euros in 2025, up by 17.1 per cent, with net profits of €1.68 million compared with €1.71 million in 2024, and a workforce of 21 people, down from 25 the previous year.
For the area, it is not the name that matters but the use. The business park in Gialou has, in recent years, become home to warehouses, logistics facilities and commercial premises — Smart Park is its most prominent feature. A content production facility with an events and function space is a different matter: it attracts people at times and on days when the area is currently deserted, mainly in the evenings and at weekends.
This is precisely the point that directly affects residents of Spata and Artemida. Access to the area is via the same junction that serves Smart Park, which is already busy at weekends and during sales periods. A wedding and events venue adds traffic that is concentrated at specific times, usually in the afternoon and at night. How parking and vehicle exit will be managed is something that has not been discussed publicly.
The 14.5 Annual Work Units translate into approximately fifteen full-time posts once the unit is up and running — a small number by the park’s standards, but in specialisms that are rarely found here: production technicians, catering and event organisation.
No completion timetable or opening date has been announced. Work is currently underway and the building is already visible from the road. We will provide an update when there is an official announcement regarding the completion date.
Source: data on eligibility under Development Law 4887/2022 (the ‘Entrepreneurship 360°’ scheme) and published balance sheets, September 2026.
